Well thats what it says ...
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Under terms of the plan, she has an option to purchase six extra years of credits for $52,663.35. If she pays that amount—she hasn't yet, but has another eight years to do so—at age 65 she will be entitled to an annual pension of at least $64,908.53
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Apparently there are more of them.
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For instance, former CFO Mr. Anosike will have to pay an additional $59,000 in exchange for a pension of $115,414, records indicate, but he worked for the CTA for 12 years and bridged his pension to cover 12 prior years of employment with the city. Ms. Sapyta, the former comptroller, will have to pay $52,489 for an eventual $98,405 pension, but she worked for the CTA for about 20 years.
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And here I thought only New Jersey (cough/Whelan/cough)had this kind of BS going on.